Connecticut General Statutes 8-169qq – State’s protection of authority’s directors, officers and employees from financial loss arising from claim. State’s assumption of liability on debt authority unable to pay
(a) The state shall protect, save harmless and indemnify the directors, officers and employees of the Connecticut Municipal Redevelopment Authority from financial loss and expenses, including legal fees and costs, if any, arising out of any claim, demand, suit or judgment based upon any alleged act or omission of any such director, officer or employee in connection with, or any other legal challenge to, authority development projects within a Connecticut Municipal Redevelopment Authority development district, provided any such director, officer or employee is found to have been acting in the discharge of such director, officer or employee’s duties or within the scope of such director, officer or employee’s employment and any such act or omission is found not to have been wanton, reckless, wilful or malicious.
Terms Used In Connecticut General Statutes 8-169qq
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- Redevelopment: means improvement by the rehabilitation or demolition of structures, by the construction of new structures, improvements or facilities, by the location or relocation of streets, parks and utilities, by replanning or by two or more of these methods. See Connecticut General Statutes 8-125
(b) In the event any bond, note or other obligation of the authority cannot be paid by the authority, the state shall assume the liability of and make payment on such debt.